Violations
Sec. 7. (a) An officer, a director, or an employee of a title insurer,
an individual associated with the title insurer as an independent
contractor, or a title insurance agent who knowingly or intentionally:
(1) converts or misappropriates money received or held in a title
insurance escrow account; or
(2) receives or conspires to receive money described in
subdivision (1);
commits a Class D felony, except as provided in subsection (b).
(b) The offense is:
(1) a Class C felony if the amount of money:
(A) converted, misappropriated, or received; or
(B) for which there is a conspiracy;
is more than ten thousand dollars ($10,000) but less than one
hundred thousand dollars ($100,000); and
(2) a Class B felony if the amount of money:
(A) converted, misappropriated, or received; or
(B) for which there is a conspiracy;
is at least one hundred thousand dollars ($100,000).
As added by P.L.300-1995, SEC.2.
Last modified: May 24, 2006